Mateo bridge and san bridge. Next traffic update coming up at 6 t 6 10. The next one may not be sitting well with a lot of drivers. California already paying some of the highest prices that we see in the nation for gas, and that price could actually go up even more. It could go up significantly. The largest gas tax hike the state has ever seen. Lets go out to amy. Reporter it would go up 12 cents a gallon, and see the 2. 99, and imagine it saying 3. 11 a gallon. The mayor will inbound concord to pitch the plan that he says has to pass, and he said this would bring in 52 billion to fix them, and this would cost californians less than 10 a month, and owners of electric cars would face a 100 fee since they dont pay gas taxes. Drivers are not so sure about this wonder tpg the money will be mishandled by the state leaders. We pay the highest price for gas in the united states, and what are we doing with the money we are bringing in the coffers today . Reporter republicans say californians a
Is daybreak australia. We are two hours from the first major market open and the start of a brandnew quarter. Yvonne it is after 6 00 p. M. Here sunday in new york. We will be looking at how all of the action in wall street will play into the asiapacific trading day, and just a reminder of where we closed friday, while you were enjoying your weekend, the markets were still on board. You can see we closed pretty low. You saw a significant drop in the last hour of trade reflecting the nervousness of the market amidst all of the economiccal but also events, the s p down 0. 2 , the points,ed fell 65 off 0. 3 . This week will be another big one in the u. S. And around the world. You are mentioning how we are awaiting the meeting of President Trump and xi jinping, but jobs numbers will be out on friday. This is for the month of march. I want to take a step back. No april fools here on how far we have come down in our jobless rate. If you look at this, it reflects actual jobless claims which
Bell. Our road map begins with trump policy reset. Whos who of ceos head i by Steve Schwartzman returning to the white house with Infrastructure Spending and tax reform topping the agenda. United doubles down after dragging a passenger off an air flight. The can. Is facing a big pr bash backlash. Pricing Political Risk, Rex Tillerson makes his first diplomatic visit to russia. All in attendance for a strategic and policy meeting with the president and senior ple members of the administration. President trump will make remarks which well get later on this morning, well see about arrivals and departures, whether or not we can talk to them once on one. Infrastructure, tax policy, going to have a business will have a seat at that table. This is heavyweight group. I hope Doug Mcmillan talks about the notion of technology and what it means for walmart and the border tax means. The reason because walmart hired, huge employer now were talking about the big. Biggest employees over 2 million emp
Mr. Vice president , it is an honor to have you in australia. Your commitment to the rule of law in our region is one we welcome. We are delighted you are here. An honor for lucy and i to welcome you and your daughters and your wife. Two out of our three grandchildren, and as we observed earlier, your daughters were showing a great ability and taking care of them. We have had a very productive discussion this morning. We have the strongest and closest ties between our two nations on every level. The Vice President s visit is an opportunity for both of our nations to emphatically reaffirmed those ties and our deep commitment to the alliance. The alliance is as important today as it was more than 60 years ago. Indeed, as it has been for the marks whenat australian and united troops went into war together. Through all of that time, the people of the United States understand that they have no stronger, no more committed, no more loyal partner, ally, then australia in every major contact ma
And spain and france. Strong gains across europe. And look at crude, which is set for weekly gains, up by 1. 25 on the week. Showing just about that gain today. We got surprising inventory builds yesterday. Traders seem to be taking in stride. The u. S. Treasury department issuing final rules to crack down on those tax inversions. Thats when a company is acquired by a smaller foreign business in a low tax country to avoid paying the higher u. S. Corporate tax rate. The new rules crack down on earnings stripping when the u. S. Subsidiary avoids taxes on domestic operations by sending them overseas as tax deductible payments. Got that . Sara eisen does. This is clearly becoming a signature issue for the treasury secretary, for this administration. And what he issued yesterday were new rules to crack down on tax avoiding companies. This earnings stripping strategy, its a common practice by inverted companies, they use the u. S. Subsidiary to issue loans from the Foreign Company that are t